- The Developer Department was separated organizationally within the Applicant’s company, with its own management, organizational rules, and goals.
- The Developer Department was separated financially, with separate records of revenues, costs, receivables, and liabilities.
- The Developer Department was separated functionally, dedicated to carrying out specific economic tasks related to development activities.
- The Applicant plans to transfer the Developer Department to a limited liability company through a contribution.
- The contribution will include all material and immaterial components related to development activities.
- The acquiring company will continue development activities, not limited to a single investment.
- The transfer of the Developer Department through a contribution is exempt from VAT according to the law.
Source: sip.lex.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
